Wednesday, September 9, 2026
Devon-WPX deal offers a playbook for future shale consolidation- oil and gas 360

Devon-WPX deal offers a playbook for future shale consolidation

Reuters The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy DVN.N‘s $2.56 billion all-stock, low premium deal for rival WPX Energy WPX.N brings together two companies with assets in a few oil-producing basins and relatively low debt levels. Investors supported the idea